Don Miller signs off (for now)

[Pekelo]

Don struck me as a good guy. He called me at home one night.

So maybe you could tell us about his course. How much of your trading profited from his teachings? And instead of "I learnt a lot" I prefer here the more numerical "my profits doubled" kind of feedback.

A real life P/L is hard to get from teachers and mentors, but I recall a few years back I did a retake on his numbers and the only thing making him profitable was the really low commissions he paid because he had a seat. This is just an observation, nothing to take away from his teaching ability. But if you learnt everything he does, and you were still paying the average commission, you would still end up in the red...

Because of this I liked more of his philosophical approach to trading and his overall views then the actual trading itself...

 

[Surprise]

His last video from a week ago:

http://donmillereducation.com/journal/

Thank you Don, I enjoyed your educational blogs and videos through the years. A TL;DV: would have been nice at the end of the video, because I still don't know why you are signing off. If someone with more patience actually watched the whole thing and got the answer, please post it.

To be clear, he has stopped blogging and educating, not trading. And no, he didn't blew up either. Anyhow, as always, good luck and godspeed on the rest of your journey.

Whats your proof that he didnt blew up his account ?

 

[Pekelo]

Whats your proof that he didnt blew up his account ?

He said so in the video. The last big event that moved the market a lot was the Brexit 3 months ago. Since you made me curious, I went back to his blog and checked the posted dates. Intriguingly, the frequent posts stopped right after the Brexit. Usually he posts at least 3 times a month. After the Brexit, there is only 1 post in late August.

Also he posted trading goals for Q2. (March 31 blog) He never posted the results how much he achieved of those goals, and he is usually very good about it. That post was due at the end June. So I tend to think now that he probably did take a bath back in June. When you are trading size like he does you can get hurt really bad.

"Trading Goals (for Q2):

7. 100% profitable weeks & months.
8. Incur maximum six draw days in approx. 60 trading days (2 per month; <10%).
9. Optimize targeted capital preservation/growth mix (<5 years to 60!) via earnings no less than $200k w/$400k stretch goal.
10. Attain minimum of four $25k days, two $50k days, and one $100k day.
11. Increase maximize ES trading size to 300 contracts.
12. Reduce transaction costs by 25%."

 

[Gezunt]

I know Jeff Cooper. He left Larry Connors for greener pastures and much better per article pay at Cramer's operation. I also know David Goodboy, he was offered stock options with LC's company rather than an increase in salary. So, he took a ghost writing gig from a major newsletter pundit for the money thus giving up bylining for LC group-- he also just published a book explaining his stock picking method.

 

[Gezunt]

By the way, Jeff Cooper can be found here http://tinyurl.com/zj7lng3 for those of you who followed trading markets in the early days. He was the godfather of online trading education,,,, I know I learned a ton from Larry and the crew.

 

[speedo]

By the way, Jeff Cooper can be found here http://tinyurl.com/zj7lng3 for those of you who followed trading markets in the early days. He was the godfather of online trading education,,,, I know I learned a ton from Larry and the crew.

Yes, it was a good group. I went to their Vegas confab in Fall of 2000.

 

[Pekelo]

So I was bored and I thought, let's check on Don, did he come back or what's going on? He started video blogging again at the beginning of the year. I watched his 2016 Retrospective journal entry but there was really no mention of his personal record for the year. A pity, even just a rough reference would have been nice...

He did mention starting to use options again. Then after that video 5 months of break and since May he has been a regular blogger. A little bit too much on the sales side though... But whatever works....

Since I like to speculate, I think he took a big hit at the end of June and it took him a good 5-6 months to gain it back and restore his confidence, thus the explanation of his big break...

 

[Option_Attack]

I think I have seen this book listed. I believe it is ranked #6,254,142,932,963 in the "Fiction/Comedy" category.

I also know David Goodboy, -- he also just published a book explaining his stock picking method.

 

[theapprentice]

He seemed fairly likeable, and he was fucking great in '3 men and a baby'!

 

[Millionaire]

Miller always felt like a slimey snake oil vendor to me. He even looks like your typical snake oil salesman of old:

I remember after the 2008 crash he was suckering 10 to 20 people every month into each paying him $7500 for his 'Jelly' course